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Friday, December 7

7th Dec - Oil rally, China truce pause the bear




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EUROPE
What Europe can learn from Alexander Hamilton New Statesman
In 2018, despite the prompting of President Macron, the EU missed a crucial window for reform. Can it heal its fractures to create a new European republic?

Ashoka Mody: Germany’s Economy Will Be Europe’s ProblemBB
If people aren’t prospering, they won’t support integration

Editorial: Europe’s Tech Tax Is a Mistake in the MakingBB
If France and Germany cared about efficient and equitable taxation, they’d drop their planned “Google tax.”

Yellow vest protests cast cloud over Macron’s reform plans Pictet
Recent protests could have a negative impact on French growth, tax revenue and president Macron’s reform plans for his country and for Europe.

Macron Fans the Flames of Illiberalism BB
Public anger and frustration is soaring in France. Aloof elites can’t contain it.

ECB Preview ABN AMRO
Gradual dovish shift

ECB Preview Danske Bank
A new chapter of dovish tightening

ECB PreviewING
It’s the end of QE as we know it…and we will be fine as the European Central Bank is gradually shelving the controversial bond-buying programme


UNITED STATES
U.S. Nabbing Huawei Is the Dog That Caught the Car BB
Does it know what to do next? The government must decide what it wants from an explosive move that has angered China.

  NOVEMBER PAYROLLS
U.S. Adds Below-Forecast 155,000 Jobs as Wage Gain Misses – BB
Did the Job Market Slow in November? Here’s How It Compares – WSJ
U.S. job growth cools in November, monthly wage gains modest – Reuters


OTHER
Oil Rises as Much as 5.4 Percent as OPEC+ Is Said to Agree Cuts BB
OPEC meeting ends with deal to curb 1.2 million barrels a day * Russia is also said to join the proposed deal, delegate says

Oil rallies after Opec agrees to cut output by 1.2m barrels a day FT
Brent crude jumps 5 per cent on news of pact

This Is the Inversion Stock Investors Should Sweat BB
The difference between the earnings yield on stocks and the yield on cash is a good bear-market indicator.

Don’t ignore the yield curve Kevin Muir


REGULARS
EU Open RundownRANsquawk

Brussels Edition DailyBB
Merkel’s Long Exit Begins

Brussels Briefing FT

Eco Day EuropeBB
May Could Postpone Brexit Vote, Fed Caution, ECB Errors * EU leaders are likely to focus on Brexit at next summit * Interest rate cuts are back on the agenda in Asian economies

FirstFT Daily BriefingFT

WSJ Daily EconomicsWSJ

Danske DailyDanske Bank
Important day with OPEC+, NFP taking centre stage

Daily Market CommentMarc Chandler
A Couple More Events before Seeing the End of Difficult Week for Investors

Brussels PlaybookPolitico
CDU decides — How Malta became unlikely LGBTIQ hero — David Davis has a laugh

Five Things You Need to Know to Start Your Day BB

US OpenZH
S&P Futures Slide, Europe Jumps As Traders Beg For Chaotic Week To Week

US Open RundownRANsquawk

AamukatsausNordea
Tänään markkinoiden mielenkiinto kohdistuu USA:n työmarkkinaraporttiin | Suomesta saadaan alustavat ulkomaankaupan tilastot lokakuulta | OPEC:lta ei vielä saatu päätöstä tuotannon leikkauksista, öljyn hinta laski